GEISEL THOMAS X 4
Research Summary
AI-generated summary
Dime Community Bancshares (DCOM) SEVP/CCO Thomas Geisel Receives Award
What Happened
Thomas X. Geisel, SEVP & Chief Commercial Officer of Dime Community Bancshares (DCOM), received an award of 4,779 restricted shares on March 31, 2026 (acquired at $0.00). To satisfy tax withholding on the vested shares, 426 shares were withheld/disposed at $33.82 per share, generating proceeds of $14,407. The primary transaction was an award (restricted stock); the withholding is a routine disposition to cover tax obligations.
Key Details
- Transaction dates/prices:
- 2026-03-31 — Award (A): 4,779 shares acquired @ $0.00
- 2026-03-31 — Tax withholding (F): 426 shares disposed @ $33.82, proceeds $14,407
- Shares owned after the transactions: not specified in the Form 4 filing.
- Footnotes:
- Vested in equal installments on the 1st, 2nd, and 3rd anniversaries (vesting schedule).
- Withholding of 426 shares reflects satisfaction of tax obligations on the restricted stock that vested 3/31/2026.
- Filing timing: Form filed 2026-04-06 for transactions dated 2026-03-31 (filed 6 days after the transaction date); Form 4s are normally due within 2 business days, so this filing appears later than typical.
Context
This was an issuance of restricted stock (an award), not an open-market purchase. The 426-share disposal was a company/plan withholding to cover tax liabilities on the vested award (a common administrative action), not necessarily a market-driven sale. Restricted-stock awards are compensation rather than a direct insider "buy" signal; tax withholding disposals are routine and should be interpreted accordingly.